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All about DEP

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Great Earner

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Prosac Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 7:16pm
Maybe i should set a prebook for 1 DEP at 20 PED to disguise it a bit LOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Norian Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 7:55pm
Originally posted by Prosac Prosac wrote:

Maybe i should set a prebook for 1 DEP at 20 PED to disguise it a bit LOL

Shhh!! Stop revealing my strategy!

All it would cost you is 0.10 PED to cancel the order on the 9th...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sluggo Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 8:05pm
Just because someone bid higher than someone else does not mean that a lower bidder will be left in the cold.

If it says the highest bidder is 11.7 ped, that might only be for one piece of the 1000.  Your bid of 10 can still very easily win.


That does bring a question to mind though.  Just because someone 'bid' a certain price, does that mean they have to pay that price, or it just puts them on top of others bidding lower when they finally do come out?

ie lets say someone bid 11.7 ped for one, but only 1000 of them sold, do they get one of those for the baseline 10 ped or the 11.7 they said they'd pay for it?

sluggo
As I have grown older, I have learned that pleasing everyone is an impossible task. Making them mad now, is a piece of cake :)
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Great Earner

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Prosac Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 8:10pm
Uhm, of course they have to pay what they've bid, otherwise it would be just senseless.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sluggo Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 8:34pm
Not necessarily Prosac.  If it's something like E bay then that could be their max bid they are willing to bid, but could get it cheaper if nobody else drives price up to that point.  They are essentially saying, this is the most I am willing to pay, but it could go for cheaper.

Since it is not pointed out specifically that is why I am asking. 

Let's say only 800 shares sell this first go around.  Since they started at 10, that is what they should go at, since there is no reason to bid higher, because there are enough shares that you are not forced to outbid someone to get one of them.  The higher than 10 price only applies if there are more bids than shares available to pick who gets them.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Explorer Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 9:40pm
Hi,

I have problem with buying DEPs. When I click to Invest page I can see form where I can place order, but all buttons are not active for me. I can not "Place Order" I can not change vallue in box with default vallue 10 PED. Only what I can do is fill "ammount" and thats all.

I dont use any special modules in my google chrome so I dont know where is problem.

Only what I have in mind that I have same IP as my GF which is working on EP too, but rly have no idea if same IP can affect that.

Can someone advice me please? I Want to preorder few of them, just for that feel Smile
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Great Earner

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Prosac Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 9:41pm
Okay, your point.

But i was already charged for my bid and if someone bids more than 10, he maybe could have bid on even more shares.

But i don't care, i'll wait and see.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sluggo Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 11:10pm
Explorer, I seen the same problem when I experimented with it earlier.  It took about a minute for the buttons to start working for me.  Not sure why that is happening, it might be the high server load now.

Try getting into that page, waiting a minute or three then try the buttons again and see if they work for you.

If not then this is something the big boss programmer person will have to look into.

sluggo
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Explorer Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2014 at 11:35pm
Thank you Sluggo for answer. 

I tried wait before for more then 20 minutes, but then i gave it up and went to take bath. Now its working fine so for everyone else who will have same problem..... Take a bath and then its gonna work Tongue
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MayBe Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2014 at 1:12pm
This looks very interesting; a tempting offer to keep your earned peds invested here, instead of withdrawing them into the game, where they soon will be spend.
Up until a certain price it appears to be a good investment.
It's the same reward as clicking on a video, except without the whole clicking bit. Wink
So to make an informed decision, I have a few questions. And hopefully it can also help somebody who had the same question.

"DEPs purchased will start paying from next day. For the same day, those DEPs will not be paying."
"Once you place a sell order, those DEPs will stop paying." "DEP offered for sale will become ineligible for earnings."
"You will be able to sell back DEPs to EP anytime at the base rates, but your account will be credited back after 28 days."
"There will be a fixed 0.5% transaction fee each DEP when you sell it to other users or hand it back to EP."
"Non paying DEPs will take priority when placing sell orders."

The rule that a bought DEP only starts to pay out the next day is logical, and the 28 days wait to be credited (after a sale to EP) seems a bit long, but can be seen as a practical necessity.
What I don't understand is: why a DEP offered for sale will become ineligible for earnings.
You haven't sold it yet, so it's still yours: why would it not pay out until the day it is actually sold?
Especially because the last rule states: "Non paying DEPs will take priority when placing sell orders." That implies there are also 'paying' DEPs that could be sold. But any DEP put up for sale becomes non-paying, so I'm a bit confused about this.
Even though it would probably encourage people to hang on to their DEPs instead of putting them up for sale; is there a particular reason for this rule?


"It will not be possible to place buy offers at a set price. All purchases will be made from open sell orders with the lowest ask price(s)."

If you can't place a buy offer for a set price, does this mean it will be a sort of 'non-bidding AH' system; where you place your DEPs for a specific sale price, and whichever DEP is priced the lowest will automatically be sold to the first buyer in line? Did I understood the buy/sell system correct like that?
Somehow that would appear to subdue price growth? Since the buyer will always be guaranteed the lowest offer at the time, unlike a normal auction / P2P trade.
(Btw, funny how in pre-booking, the DEP goes to the highest bidder, while in P2P the DEP goes to the lowest seller. Wink


"You will be able to sell back DEPs to EP anytime at the base rates,"
"EntropiaPartners reserves the right to buy back DEPs from individual users."
"The seller will be charged 0.5% of the total transaction value upon sale."

The base price is 10 ped, but in the pre-booking you'll likely need to bid more to obtain some, and afterwards P2P trading will (probably) see prizes rise too. So if after a while the prizes have gone up, and EP were to decide to do a (forced) buyback (which, according to the disclaimer is possible): are those DEPs bought back for the base price of 10 ped, or for the last price the present owner paid for them?
Because the rules state that a (voluntary) sale back to EP, initiated by a DEP holder, would be redeemed at the base rate. Having the possibility of an involuntary buy back at base rate hanging over your head, seems not a very attractive prospective.
(Also, a small detail: since there is a fixed transaction fee of 0,5%, does this mean that if such a forced buyback should occur, you still would have to pay that fee?)


"EP will release DEPs periodically and based on demand."
"At the end of the process 1000 DEPs will be awarded to top bidders. We are planning to release 10,000 DEPs in next few weeks. Response to this prebooking, and P2P trading volumes will help us decide the timings."

Even though it is a fixed pay per DEP, and not a percentage: not having a fixed amount of issued DEPs is a factor that investors usually don't really enjoy that much.
The price per DEP is depending on supply and demand. If the supply now is (planned) at 1000 plus 10.000 (or 10k in total), buyers will bid with that amount in mind.
If later on suddenly there are additional batches of 10 or 100k DEPs issued, the supply changes, and the demand will follow: influencing the price.
So would it perhaps be possible to inform us of a firm(er) or a maximum number?


And I'm sorry for the individuals who just made a withdrawal, that's really bad luck.
Since this is done with locally earned currency, and it's not possible to deposit here; it might be appreciated if there would be an announcement beforehand, so people could handle their withdrawals accordingly. Maybe for the next batch?

ps. Sorry for the wall of text. Embarrassed
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sluggo Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2014 at 2:15pm
All very good questions MayBe.

On the 'late notice' nobody knew about it (except one person Big smile ) until the announcement yesterday.

In a way there is an advance notice given, it doesn't start until the 10th, and there will be other opportunities for them if you miss the first batch because of low ped balance.

To be honest on that, no matter when they would have announced it, since EP continually gives payouts, someone would have just cashed out and be upset.

This is just 1000 out of a potential of 10000 being offered.  Hold your PED and get in on the next one should work.  Let's hope crowdflower starts pushing out more tasks for us now that the new year is in and everyone's cured from their hangovers Wink

sluggo
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Great Earner

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Prosac Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2014 at 2:15pm
Originally posted by Sluggo Sluggo wrote:

To be honest on that, no matter when they would have announced it, since EP continually gives payouts, someone would have just cashed out and be upset.

The point no one mentioned is, Tia still can't refill PEDs, so everyone who didn't cashed out getting the appreciation in being able to buy more DEPs

Originally posted by MayBe MayBe wrote:

ps. Sorry for the wall of text. Embarrassed

I appreciate your well-conceived and informative posts.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ovolon Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2014 at 3:00pm
Originally posted by MayBe MayBe wrote:

"You will be able to sell back DEPs to EP anytime at the base rates,"
"EntropiaPartners reserves the right to buy back DEPs from individual users."
"The seller will be charged 0.5% of the total transaction value upon sale."

The base price is 10 ped, but in the pre-booking you'll likely need to bid more to obtain some, and afterwards P2P trading will (probably) see prizes rise too. So if after a while the prizes have gone up, and EP were to decide to do a (forced) buyback (which, according to the disclaimer is possible): are those DEPs bought back for the base price of 10 ped, or for the last price the present owner paid for them?
Because the rules state that a (voluntary) sale back to EP, initiated by a DEP holder, would be redeemed at the base rate. Having the possibility of an involuntary buy back at base rate hanging over your head, seems not a very attractive prospective.
(Also, a small detail: since there is a fixed transaction fee of 0,5%, does this mean that if such a forced buyback should occur, you still would have to pay that fee?)


This is a point I thought about too.
What if the prizes will rise (example 25 PED) and EP decide to expropriate a special person or may all?
You have payed 25 PED, EP take your new DEP and pay you 9.95 PED (10 PED-0.5%) for this DEP
= 15 PED loss for nothing and the next DEP (in real yours) is ready for offer someone will pay may 25 PED and later get
expropriate to start the carousel again...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tia Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2014 at 3:51pm
Muppet or I will reply to all this soon. At present we are a little busy with the server. We are upgrading the memory and processor; so there will be a shutdown of 30 minutes or so.

I cannot personally drop PEDs in-game atm. But I am buying PED from other big players in game (this is legal). So PED reserve is not an issue. DEPs are meant to support EP with further expansions. We are expecting 5000-6000 new users in next 30-50 days. :)

And there is more.. Will keep you updated.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sluggo Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2014 at 5:10pm
Looks like the server upgrade did the trick.  The site is almost immediate now, instead of waiting 30 seconds for a page to answer and render.   Good job there Tia.

sluggo
As I have grown older, I have learned that pleasing everyone is an impossible task. Making them mad now, is a piece of cake :)
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